Indian business leaders offered a glimpse of lucrative Saudi Arabia …

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(MENAFN- Mid-East.Info) Dubai, United Arab Emirates: A delegation of Indian government officials and Indian business leaders visited the Kingdom of Saudi Arabia pavilion at Expo 2020 Dubai on Tuesday. The visit was organized to celebrate the historic ties between the two nations and to explore the lucrative investment opportunities in the Kingdom stemming from its ambitious national transformation plan, Vision 2030.

The delegation’s visit coincided with “Kingdom of Saudi Arabia and India Day” and underlines the historical and close ties between the two nations. It followed the recent India-GCC trade conference, hosted by the India Pavilion, in which discussions focused on establishing trade technology corridors between India and the GCC, in addition to identifying entrepreneurship opportunities.

During a tour of the Saudi Pavilion, which showcases each of the Kingdom’s 13 regions through immersive and interactive exhibits on economics and investment, arts and culture, nature and energy, the Indian delegation got a glimpse of the myriad of investment opportunities in the Kingdom. The group was introduced to the huge projects initiated under Vision 2030, including NEOM, Qiddiya and the Red Sea Project, which are expected to support the creation of new industries that will shape the Kingdom’s future beyond oil.

The Indian government was represented by Dr. Srikar reddy , Deputy Secretary for Foreign Trade WANA; Dr Aman Puri , Consul General of India in Dubai and Deputy Commissioner General for India at Expo 2020 Dubai; Siddharth Barielly , Chief of Chancellery, CGI Dubai, GOI; and K. Kalimuthu , Consul Commerce, CGI Dubai, GOI.

The delegation of Indian business leaders included senior executives from leading companies, including VS Sahney , Chairman of FICCI-India Arab Business Council and Chairman of Sun Group; Mani Kishore Vajipeyajula , CEO, Banyan Nation Recycling; Kamendra Kumar , Technical Director, Telecommunications Consultants India Ltd, and Rajiv K. Luthra , founder and managing partner, law firms L&L Partners.

Guests were greeted at the Saudi Pavilion by HE Turki Aldakhil , the Ambassador of the Kingdom of Saudi Arabia to the United Arab Emirates and representatives of Saudi Arabia Ministry of Investment , including Faisal Hamza , Undersecretary for Investment Attraction and Development at the Ministry of Investment, and Hussein Hanbazazah , Commissioner General of the Pavilion of the Kingdom of Saudi Arabia at Expo 2020 Dubai.

Saudi-Indian Strategic Partnership Council

In his welcome address, Hussein Hanbazazah , commissioner general of the Kingdom of Saudi Arabia pavilion at Expo 2020 in Dubai, said the gathering celebrated the two nations’ long-standing close relationship. The Kingdom of Saudi Arabia and the Republic of India had a close bond for many generations before official relations were established in 1948, he added.

The Saudi-Indian Strategic Partnership Council agreement was signed by HRH Crown Prince Mohammed bin Salman and Indian Prime Minister Narendra Modi during his visit to the Kingdom in October 2019.

The Strategic Partnership Council aims to strengthen the strategic cooperation between the two countries, focusing on areas of interest crucial to achieving strategic goals, ambitions and economic reforms, thereby increasing the prosperity of the two countries, he said. -he declares.

“Therefore, strategic sectors have been identified as potential areas of collaboration, such as agriculture and food security, energy, technology and information technology and industry,” Hanbazazah added.

“Thanks to the efforts and guidance of our leaders, we have recently witnessed a development of bilateral trade, with India becoming our second trading partner for the second quarter of 2021, in terms of Saudi exports, of around $ 5.8 billion dollars, and the fifth in terms of imports, in addition to bilateral investment between the two countries.

He said that despite the significant challenges presented by the Covid-19 pandemic, the Kingdom and India have shown the world a great example of how partners can support each other by helping each other during critical times.

“” An event like today on the world stage of Expo 2020 Dubai in the spirit of “Connecting Minds, Creating the Future” will deepen our strategic partnership and help us pursue mutually beneficial projects in the service of the goals of our nations for a better future. “said Commissioner General Hanbazazah, adding that the visit to the pavilion” allows visitors to explore and experience the potential of the Kingdom of Saudi Arabia and the opportunities that represent and serve our partners here in India. “

“One of the best pavilions”

In his speech, Dr Aman Puri , Consul General of India in Dubai, said: “I must congratulate the Saudi Arabian team for their beautiful and innovative country pavilion at Expo 2020, painting an interesting portrayal of its past, present and future , truly reflecting its Vision 2030. .. It is one of the best pavilions among the 200 pavilions at Expo 2020 Dubai.

The Indian and Saudi pavilions are among the biggest of the event and those that will be part of the legacy of Expo 2020, he said.

The cordial and friendly relations of India and Saudi Arabia reflecting centuries of cultural economic and social ties were elevated to the rank of strategic partnership during Prime Minister Modi’s visit in October 2019, said Dr Puri, adding that Saudi Arabia’s 2.6 million strong Indian community is the largest expat community there and is highly respected.

Saudi Arabia is India’s fourth largest trading partner with substantial investments from Aramco and SABIC, among others, he said.

“Saudi Arabia has remained a reliable partner for India in meeting its hydrocarbon needs. There are opportunities for collaboration between India and Saudi Arabia in new and emerging technologies, as well as expanding the beginning of the collaboration, ”said Dr Puri.

“I am optimistic about the fruitful interactions between the startup and investors from both countries by following the Expo 2020 theme“ Connecting Minds, Creating the Future ”. “

Cultural co-curation Performance

After the visit, the delegation was treated to a special cultural performance co-hosted at the Saudi Pavilion which included a colorful dance performance from both nations, concluding the day’s activities.

“The magnificent cultural spectacle highlights the collaboration between the Kingdom of Saudi Arabia and India,” said Commissioner General Hanbazazah.

The Saudi and Indian pavilions are among the most visited pavilions at Expo 2020 Dubai, with the Saudi pavilion receiving more than 615,000 visits during the month of October, accounting for more than a quarter of the 2.35 million visits at Expo 2020 Dubai this month. The India pavilion attracted more than 200,000 visitors from October 1 to November 3, making it one of the most visited pavilions, according to Dr Puri.

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